Apple Inc.’s iPhone sales declined about 5% globally in the final quarter of last year, hurt by underwhelming upgrades and competitors making inroads in China.

Apple’s (AAPL) annual shipments in China declined 17% in 2024, with Huawei and Vivo overtaking the iPhone maker in market share, Reuters’ Liam Mo and Brenda Goh report, citing data from research from Canalys.

Multiple research firms say Apple Inc. saw its iPhone sales fall by about 5% globally in the final quarter of last year. Apple’s artificial intelligence software, called Apple Intelligence, failed to stir up strong demand,